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HomeMy WebLinkAboutBridger View Scoring Sheet Seeburg Community Housing Fund Scoring Sheet For Use By CAHAB/Community Development Date: Project Name: C'a Amount of Funding Requested: ® Rank the project based on the following criteria: Criteria Score Alignment with Community Housing Action Plan: (1 to 5) (S=Well aligned,3= Neutral, 1= Not Aligned) Ability of this project to address a community need: (1 to 5) (5= addresses a pressing community need,4=addresses a significant community need, 3 = addresses a current community need, 2=addresses a low priority community need, 1 = Does not address a community need) Target Income of those benefiting from proposal: (1 to 5) (Score on the basis that below 60%of AMI =5 points and each 10%increase of AMI results in a 1 point decrease in the number of points allotted.) Opportunity Cost: (1 to 5) ( Consider urgency of need: 1)will this opportunity go away or be severely diminished if funding is not provided at this time; 2) Is the urgency of this request based on an opportunity that recently became available or is the urgency due to inefficient planning; 3)Why is this request being presented now— would it be better if executed at a different time) Level of partnership with other organizations: (1 to 5) (5 = Partners Participating, 3 = Partners contacted but not Participating or Proposal doesn't lend itself to including partners, 1= Possible Partners not contacted) Alternate funding sources have been secured/solicited: (1 to 5) (5 =Other Funders Participating, 3= Other Funders contacted but not Participating or Proposal doesn't lend itself to including other Funders, 1 =Other Possible Funders not contacted) Funds Availability: (1 to 5) Community Housing Fund Scoring Sheet Page 1 (Would providing funds for this project limit the ability to provide funding for future projects that may be a better investment of Community Housing Funds?5= No, 3 =to a moderate degree, 1 =Yes) Willingness to be flexible in grant/loan request: (1 to 5) t _ (5 =Very flexible, 3= Neutral, 1= Not flexible—based on answers to Type of Funding question) Thoroughness of the application/budget: (1 to 5) (5= Detailed and understandable, 3 = Neutral, 1= Lacking detail or hard to decipher) Viability of the proposed project: (1 to 5) 3 (Score based on the level of perceived risk—S=No risk,4= Low Risk, 3=Average Risk, 2 Medium Risk, 1 = High Risk) Scope of project in terms of#of community housing units built/preserved: (1 to 5) (Score based on 5 units or fewer= 1 points. Each increment of 5 additional units generates 1 additional point up to the maximum of 5 points) Project's generation of long-term or permanently affordable housing: (1 to 5) S_ (Score on a scale of 5 year affordability= 1 point, each additional 5 year increment of affordability generates another point. Permanent affordability=5 points) Requested investment of Community Housing funds per unit: (1 to 5) (Rate on a declining scale of$1,000 per unit. $1,000 per unit or less= 5 points,$2,000 per unit=4 points, continuing to$6,000 or more=0 points) Ongoing project affordability: (1 to 5) (Provide points for Climate sensitive design, low maintenance, low or no HOA fees, low or no Land Trust fees, etc.) Total Points: A minimum of 30 points is required for a proposal without dwelling units to be considered for funding. A total of 42 points is required for a proposal that includes dwelling units to be considered. Community Housing Fund Scoring Sheet Page 2